Alliant High-Rate Savings Review

Alliant's high-yield savings account is among the best offerings for yield-hungry savers. Alliant offers the convenience you expect when banking with a major national bank while also delivering both a high annual percentage yield (APY) and low fees, which are more common among credit unions. These are the primary reasons why we like this savings account -- but let's take a closer look and see if Alliant High-Rate Savings matches your needs as well.

Rates as of Aug. 14, 2018
Offer APY Best For… Next Steps
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Alliant High-Rate Savings

Member, FDIC
APY: 1.70% Best For: Credit union and free ATMs

What I like about Alliant High-Rate Savings

High APY -- A 1.70% APY puts Alliant High-Rate Savings among the higher flat rates we've come across for an online savings account. Keep in mind the APY only kicks in when your average daily balance exceeds $100.

$0 monthly maintenance fee -- Cutting fees is crucial to harvest the most value from interest earnings.

Free ATM convenience card -- Including an ATM convenience card amps up the value of banking with Alliant and the card provides easy access for cash withdrawals and deposits at qualifying ATMs.

80,000+ surcharge-free ATMs -- Alliant has a wide network of surcharge-free ATMs. Just keep your eyes peeled for Alliant-owned ATMs and those that are part of the Alliance One, Allpoint, CO-OP Network, Credit Union 24 CU Here, and Publix Presto networks. Alliant claims that its number of surcharge-free ATMs exceeds that of Chase and Bank of America combined.

Mobile app -- A user-friendly mobile app is a necessity for an online savings account, and Alliant's highly rated app includes key features such as electronic transfers to/from external accounts and mobile check deposits.

What could be improved

Membership qualification -- Alliant is a credit union, so it naturally has membership requirements that banks and online savings accounts don't. More than anything, this is a modest knock on credit unions, not Alliant specifically. You are eligible to join Alliant if any one of the following is true: 1) You're a current or retired employee from one the many businesses and organizations Alliant partners with in the U.S.; 2) You're an immediate family member or a domestic partner of a current Alliant member; 3) You've donated at least $10 to Foster Care to Success; or 4) You live or work in one of the communities near Alliant's corporate headquarters in Chicago.

Funding options

Savers have several convenient ways to start parking their cash in an Alliant savings account, including free electronic transfer from an external account, deposit at an Alliant deposit-taking ATM or branch, mobile deposit, direct deposit, incoming wire, and a mailed-in physical check.

Withdrawal options

Withdrawing funds is similarly convenient and can be completed by electronic transfer to an external account, outgoing wire, physical check, and visiting an ATM or branch.

Online savings account comparison

Rates as of Aug. 14, 2018
Offer Alliant High-Rate Savings Member, FDIC
Marcus Savings by Goldman Sachs Goldman Sachs Bank USA Member, FDIC
Synchrony Bank High-Yield Savings Member, FDIC
Rating
Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon
4.0 stars Info icon We want your money to work harder for you. Which is why our card ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon = Best
Star Review Icon Star Review Icon Star Review Icon Star Review Icon = Excellent
Star Review Icon Star Review Icon Star Review Icon = Good
Star Review Icon Star Review Icon = Fair
Star Review Icon = Poor
Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon
5.0 stars Info icon We want your money to work harder for you. Which is why our card ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon = Best
Star Review Icon Star Review Icon Star Review Icon Star Review Icon = Excellent
Star Review Icon Star Review Icon Star Review Icon = Good
Star Review Icon Star Review Icon = Fair
Star Review Icon = Poor
Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon
5.0 stars Info icon We want your money to work harder for you. Which is why our card ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Star Review Icon Star Review Icon Star Review Icon Star Review Icon Star Review Icon = Best
Star Review Icon Star Review Icon Star Review Icon Star Review Icon = Excellent
Star Review Icon Star Review Icon Star Review Icon = Good
Star Review Icon Star Review Icon = Fair
Star Review Icon = Poor
APY

APY: 1.70%

APY: 1.85%

APY: 1.85%

Best For…

Best For: Credit union and free ATMs

Best For: High APY and low fees

Best For: High APY

Min. for APY

Min. for APY: $0

Min. for APY: $1

Min. for APY: $0

Next Steps Alliant High-Rate Savings Review Apply Now Marcus Savings by Goldman Sachs Review Apply Now Synchrony Bank High-Yield Savings Review

Final take

We think Alliant strikes the right balance of features and convenience that customers should expect from an online high-yield savings account. While credit union membership limits eligibility somewhat, it's worth noting that anyone can become a member by paying the $10 price of admission with a charitable donation to Foster Care to Success. Gaining access to Alliant's feature-packed savings account may be well worth the price.